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You are interested in investing $15,000, a gift from your grandparents, for the next four years in a mutual fund that will earn an annual
You are interested in investing $15,000, a gift from your grandparents, for the next four years in a mutual fund that will earn an annual return of 8 percent. What will your investment be worth at the end of four years? (Round to the nearest dollar.)
$20,221 |
$18,816 |
$18,089 |
$20,407 |
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